A blog for all the shareholders of SSTL (formerly ShyamTelelink Ltd) to come together and discuss issues of common interest. This blog will be updated on the latest news on SSTL, MTS and the telecom world. You can reach us at AMSOST@GMAIL.COM

He didn't sound very optimistic, saying that "I think we are very far from this," but this is the first time in recent months that a telecom operator has said it is interested in buying out or merging with another.
"Consolidation" is a key word these days, with intense competition hurting profits in the world's fastest-growing telecom market.
The competition grew due to the entry of new players in 2009, which led to call tariffs plunging to as low as half a cent a minute.
India now has up to 14 operators in most telecom service areas, and analysts say consolidation is inevitable.
Federal Telecommunications Minister Kapil Sibal, while unveiling the broad contours of a new telecom policy earlier this year, said the new rules expected later in 2011 will pave the way for consolidation, leaving about five-six operators in the country.
Mr. Rozanov thinks this will be difficult, but he too feels that India will be left with six operators--five private and one state-owned.
He said Sistema Shyam is open to buying or merging with an operator which offers services under the more popular global system for mobile communications, or GSM, technology. More than two-thirds of India's mobile subscribers use GSM phone services.
Sistema Shyam--which is 56.68% owned by Russia's Sistema JSFC (SSA.LN), 17.14% by the Russian Federation and the rest by India's Shyam Group--provides services on the less popular Code Division Multiple Access, or CDMA, technology, competing directly with Tata Teleservices and Reliance Communications.
Sistema Shyam has licenses to provide services in all of India's 22 service areas and offers telecommunications services under the MTS brand.
Commenting on a recent company decision to delay a planned initial public offering, Mr. Rozanov said "there is limited opportunity for us to realize value for our shareholders."
Apart from volatile market conditions, Mr. Rozanov also cited ongoing federal investigations into the alleged rigged sale of licenses and bandwidth in 2008, which have dampened sentiment in the sector.
IPO aside, Sistema Shyam has enough cash to meet its capital expenditure target of over $200 million to expand its business in 2011, hesaid.
The expansion plan includes a contract to ZTE Corp. for upgrading its networks to a newer technology.
The new technology, called Evolution-Data Optimized Revision B, offers better connectivity for data services such as multimedia.
The company plans to start offering services on this new technology in the July-September period.
Sistema Shyam's plans to expand its wireless broadband capability come after initial success for its high revenue data services, which now contribute about 25% of its overall revenue. The company, which follows a January-December financial year, reported revenue of 2.36 billion rupees in 2010.
Its average revenue per user--a key gauge of profitability for wireless telecom companies--for its mobile internet services was 250 rupees and 600 rupees per month for its prepaid and post-paid users, respectively. Its voice average revenue per user was 82 rupees a month.
Market leader Bharti Airtl's revenue per user is 194 rupees for the January-March period, with 15% coming from data services.
To push up its mobile internet revenue, Sistema Shyam is in talks with global computer makers to introduce tablet computers in the country later this year, Mr. Rozanov said.
And, despite the regulatory overhang and the intense competition, the company is still bullish on the sector, given that the country is adding more than 15 million new users every month, and that only about 33 of every 100 people living in rural India use mobile phones so far.
Sistema Shyam added about 800,000 new users in May, with about 88,000 being wireless broadband subscribers.
Combined with the expectation that call rates won't drop further, Sistema Shyam's plans to break even at the operating level by 2013 remain "on track," Mr. Rozanov said.
"We are on a risky track, a very harsh track... but on track," he said.

Letter from Shareholders to SSTL

LETTER RECD AT AMSOST FROM SHAREHOLDERS

Dear Mr.Malik,

I am also an unfortunate man amongst 17000 shareholders & holding 3970 shares of SSTL since 2007. I am an ex-Air Force personnel & invested my lumsum money in this share,which i got after my discharge. This really dragged me out & is bankrupted me. The court has given its verdict is going to be almost 4 years back, but still the issue is pending. Jutice delayed is

justice denied. So obviously these 17000 people are not waitng to listen only promises but real action. Hope some positive turn in our favour very shortly.Regards,

Subrata

krishna raonarra_krishna30@yahoo.co.in

6:36 AM (17 minutes ago)

to rashid.malik, me

Dear Mr.Malik,

I would like to inform that I am holding 7224 shares of SSTL since long. I have invested from my hard earned

pension benefit money. Pse bail out me from exit option with reasonable amount so that i should not think that it is a sin in investying in SST

(formerly shyam telecom). My DP no.10162995- NSDL.

Awating for ur favouyrable reply. My Moble no.8374460997.

with regards.

N.krishna Rao

******************

Mr Rahid Malik

Company Seceratry

Shyam Siestema Televentures ltd

Dear Sir

Sub Listing of SSTL Shares

I have 10322 shares of SSTL DP CDSL DP ID 13019300 Client ID 01137578 in the name of MAN MOHAN resident of Tower 6 A Flat No 203, Ansal Valley View Estate, Gwal Pahari , Gurgaon Faridabad Road , Gurgaon,122003, Haryana. As per the August 2008 order of Rajasthan High Court these shares were to be listed or an exit offer at a fair price was to be given to investors . Why the company has not sent me any such offer? Pl send me this offer and also inform me immediately timeline for the same Man Mohan

********

Himanshu Rindanirindanihk@yahoo.co.in

11:31 AM (2 hours ago)

to rashid.malik, me

Dear Mr.Rashid Malik,

We are holding 7840 shares of SSTL since so many year due to split followed by SHYAM TELELINK..

We are looking for exit option as directed by the court to SSTL.

Kindly let us know what should we do to move ahead.

Warm Regards

*****

Rajashekhar.reddy

1:21 PM (0 minutes ago)

to rashid.malik

Dear Sir,

I have been holding shares of SSTL for the past so many years and has been waiting for an exit option from you at a fair price. When the company has been selling its majority stake to other players at much higher prices, the minority share holders should also need to get a fair price for the same.

Looking at the recent media news, wherein the company has been quoting that there has been no requests for exit option, let me take this opportunity to tell you that we would definitely like to have an option to exit and donot want to continue our shareholding anymore. I feel for my other 18000 odd partners who are also stuck with their hard money in this scenario.

I would request you to please assure us a fair pricing for the exit and limited time frame in which this can be done, since we have already waited for a very long period.

My details are as follows:

Name: P RAJASHEKHAR REDDY,

Address: MUMBAI MAHARASHTRA INDIA 400098

. total of 794 shares as of today.

Waiting a positive reply from you at the earliest.

Regards,

--------------------------------------------------------

Khetshi Maru

11:35 AM (1 hour ago)

to rashid.malik, bcc: me

FROM:- KHETSHI U MARU

DP ID BO ID:-CDSL 1302340000053717 ISE OF INDIA LTD

SIR

I HOLD 10000 SHARES OF SYSTEMA SHYAM

I AM A MINORITY SHAREHOLDER OF THE COMPNY

I WANT EXIT OPTION FROM MY INVESTMENT OF 10000 SHARES OF SYSTEMA SHARES

I am also one of the minority share holder of SSTL. I am holding about 15000 shares. I also want an exit option at reasonable price because I am also in the wait for about 6 years. Please let me know about any development in exit option and put up my name to the SSTL that I am interested in exit option. This is more than enough now for us.

Copy to : amsost@gmail.com; please take this matter collectively with all minority share holders as you have earlier gone to Court and won the battle to take further stake in SSTL. You won and we got additional shares also. But, unfortunately, there is no scene of listing any more. It is better to get an exit option at a reasonable price (not less than Rs 50/=/ per share) because we are kept in waiting for more than 6-7 years, in dark, and after additional allotment, I feel, we, the minority share holders have lost our valuable money. Please take up with SSTL on our behalf

Our Folio No and names are as follows. We want an exit option as per Court Order. Please offerl us reasonable price of your exit option.